How do you know if you can get a home loan with bad credit and some debt.?

I have a student loan and a few little bills that i'm currently paying off total less than a thousand for the bills student loan is 22,000 but i'm not paying cause i'm barely getting by. I could get a house for what i i pay in rent. I just want to know if there's a possiblity of gettting a home loan and how could i improve my chances. I had great credit a few yrs ago but lost a job and bills pilled up. I'm just curious on what my options are b/c if you get a house you get equity.How do you know if you can get a home loan with bad credit and some debt.?
Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.



Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.



You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:



http://www.axalda.info/bad-credit-mortgaHow do you know if you can get a home loan with bad credit and some debt.?
There are lenders that will make home loans to just about anyone that can pay it back, regardless of past credit. The main difference is the interest rate you pay.



But if you are not paying your student loan because you are barely getting by, no sane lender is going to make a home loan to you. Start by finding a cheaper place to rent, use the rent you save to get your student loan up to date, then you can start looking for a house to buy.